Anhui Conch Cement (OTCMKTS:AHCHY) Shares Gap Down – Time to Sell?

Anhui Conch Cement Co. (OTCMKTS:AHCHY) gapped down before the market opened on Friday . The stock had previously closed at $12.19, but opened at $11.7101. Anhui Conch Cement shares last traded at $11.77, with a volume of 11,492 shares trading hands.

Anhui Conch Cement Price Performance

The company has a current ratio of 3.19, a quick ratio of 2.92 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $12.71 billion, a price-to-earnings ratio of 11.15 and a beta of 0.20. The stock has a 50-day moving average price of $12.99 and a 200 day moving average price of $14.36.

Anhui Conch Cement (OTCMKTS:AHCHY) last posted its earnings results on Tuesday, March 24th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). Anhui Conch Cement had a net margin of 9.72% and a return on equity of 3.92%. The business had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.58 billion.

About Anhui Conch Cement

Anhui Conch Cement Company Limited (OTCMKTS: AHCHY) is one of China’s leading cement manufacturers, specializing in the production and sale of cement, clinker and related building materials. Headquartered in Wuhu, Anhui Province, the company operates an integrated network of production facilities that serve residential, commercial and infrastructure markets across multiple regions in China. Its product portfolio covers a broad range of cement types, including ordinary portland cement, blended cement and special-purpose cements for roads and high‐performance construction projects.

Established in 1997 as part of the Anhui Conch Group’s expansion into building materials, Anhui Conch Cement was listed on the Shanghai Stock Exchange in 2003.